Investing in Latvia you will benefit from:
Advanced transport infrastructure: Located on the Baltic Sea, Latvia has three major, ice-free international ports—Riga, Liepaja and Ventspils—that are closely linked into the country’s land-based infrastructure, including an extensive rail, road and pipeline system. Riga International Airport has over 70 international direct destinations; it serves almost two-thirds of all flights in Baltic region and is the largest airport among the Baltic states.
Free trade: Latvia’s external trade and customs policy is based on free trade principles. Latvia is an EU country, a member of Schengen agreement, member state of the Organisation for Economic Cooperation and Development (OECD) and an active participant of the World Trade Organization, enjoying all the benefits of free and open trade in the world’s markets. Customs and border procedures have been standardized for effective planning and coordination with trade partners around the world.
Export experience and support: Domestic companies continue to develop their exports, creating an environment of knowledge and ability that enable firms to grow their businesses in Latvia and abroad.
Latvians have a strong work ethics and are highly motivated. Latvia’s history has prepared its workforce with knowledge of business and cultural norms that enable partnership with Western European countries, and particularly with Russia and other CIS countries. LIAA provides a host of services for assisting locally-registered companies to find and cultivate new markets.
Latvia offers all the infrastructure and services companies need to operate, at levels that meet or exceed European standards. http://www.liaa.gov.lv/node/335
Latvia is a fully integrated member of all major economic structures, including the WTO and OECD; its position in the global market offers investors both opportunity and stability. http://www.liaa.gov.lv/invest-latvia/competitive-advantages/macroeconomic-and-political-stability
Latvia encourages investors by offering a wide variety of advantages to make Latvia a best place for doing business.
Latvia offers significant cost advantages to investors, including competitive labour and real estate expenses, as well as competitive tax rates. Coupled with strong productivity in manufacturing and services, Latvia provides investors with a highly cost-effective environment for business, ensuring compelling returns on investment. Finally, Latvia offers access to European market and EU Structural Funds.
Please read more about
- Business Incentives for investors in Latvia http://www.liaa.gov.lv/invest-latvia/competitive-advantages/business-incentives
- Investment services and contacts http://www.liaa.gov.lv/invest-latvia/investment-services-and-contacts/polaris-process